(Advanced Analysis) the Table Gives Data for a Private Closed

question 70

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \text { GDP } ( Y ) & \text { Consumption } ( C ) & \text { Investment (I) } \\\hline \$ 0 & \$ 60 & \$ 30 \\\hline 100 & 120 & 40 \\\hline 200 & 180 & 50 \\\hline 300 & 240 & 60 \\\hline 400 & 300 & 70 \\\hline 500 & 360 & 80 \\\hline\end{array}$$ (Advanced analysis) The table gives data for a private closed economy. The letters Y, C, S, and I are used to represent real GDP, consumption, saving, and investment, respectively. The equation
Representing the consumption schedule for the economy is

• A) C = Y ? 0.6S.
• B) Y = C + S.
• C) C = 60 + 0.4Y.
• D) C = 60 + 0.6Y.

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